Board explains process for approving takeback lots and setting list-price floor
A board member clarified that prior takebacks of POA lots were largely completed through the collections process and that the board's vote authorizes sales with a list price set as a floor so the board does not have to approve each individual sale.
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A board discussion clarified how the homeowners association handles lots taken back through collections. A questioner asked whether the current vote was to "take them back" or to approve sales; the board explained the vote authorizes selling lots previously taken and that the list price serves as a floor so individual sales need not return to the full board for approval.
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